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Assume an economy experiences an increase in productivity that occurs as a result of the more ...

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Assume an economy experiences an increase in productivity that occurs as a result of the more ...

Assume an economy experiences an increase in productivity that occurs as a result of the more efficient use of existing technologies. Given this information, we would expect which of the following to occur?
A) aggregate demand would not change
B) aggregate demand would shift to the right
C) aggregate demand would shift to the left
D) both the aggregate demand and aggregate supply curves would shift to the left

Textbook

Macroeconomics

Edition: 6^th

Authors: Blanchard, Johnson

Read 70 times

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Roar Author

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5 years ago

Thank you kind sir

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